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Latest updates on the Middle East conflict and its effect on our markets

The Middle East crisis has disrupted global supply chains, affecting the flow of crude oil, condensate, and LNG, as well as large quantities of urea, ammonia, sulfur, aluminum, steel, and plastics from the Persian Gulf. With shipping traffic through the Strait of Hormuz reduced to a trickle, hundreds of commercial vessels—including bulk carriers, tankers, and offshore support ships—along with their crews, remain trapped and under threat of attack. The situation in the Middle East continues to change by the hour and stays highly dynamic.

 

To give you the best possible business insights, we’ve compiled our comprehensive news, opinion, and feature coverage for quick, easy access.

IRGC says gas carrier on fire after striking mine in Hormuz

IRGC says gas carrier on fire after striking mine in Hormuz

13 Nov 2026by Jamey Bergman
The Islamic Revolutionary Guard Corps have reportedly claimed that ’a ship carrying liquefied gas’ hit a naval mine, resulting in a ’massive explosion and fire’
Sinokor-linked VLCCs attacked: four injured in first attack, second sees tanker evacuated off UAE

Sinokor-linked VLCCs attacked: four injured in first attack, second sees tanker evacuated off UAE

12 Nov 2026by Riviera News
A strike on the engine room of tanker Dominica Prosperity off Ras Al Khaimah on 11 November started a fire and forced the evacuation of all 22 crew members
Tankers hit by projectiles in Strait of Hormuz; Iran reports further mine strikes 

Tankers hit by projectiles in Strait of Hormuz; Iran reports further mine strikes 

11 Nov 2026by Riviera News
Royal Navy-led UKMTO has reported two tanker incidents in the Strait of Hormuz, while Iran’s IRGC has claimed that several vessels have struck naval mines
Over 140 tankers drawn into Middle East shuttle trade as risks persist 

Over 140 tankers drawn into Middle East shuttle trade as risks persist 

10 Nov 2026by Georgios Georgiou
VLCCs account for the majority of vessels deployed in a shuttle trade expected to endure amid ongoing Hormuz risks
Tankers hit in Hormuz; US strikes bulker, Qeshm Island, launches task force

Tankers hit in Hormuz; US strikes bulker, Qeshm Island, launches task force

09 Nov 2026by Riviera News
At least three merchant vessels have been damaged in separate incidents in the Strait of Hormuz and Gulf of Oman in recent days
ADNOC approaches LNG carrier owners for premium Gulf bareboat charter deals

ADNOC approaches LNG carrier owners for premium Gulf bareboat charter deals

09 Nov 2026by Georgios Georgiou
More than two shipowners have offered LNG carriers to the Abu Dhabi-based operator
Seafarer killed in attack on Greek-owned tanker in Middle East Gulf

Seafarer killed in attack on Greek-owned tanker in Middle East Gulf

06 Nov 2026by Georgios Georgiou
IMO confirms attack on product tanker Velos Sapphire, leaving one seafarer dead and the vessel damaged
Hormuz disruption could reshape global LNG trade and shipping patterns through 2031

Hormuz disruption could reshape global LNG trade and shipping patterns through 2031

05 Nov 2026by Georgios Georgiou
New model simulates the impact of Strait of Hormuz disruption on global LNG trade
Fresh Hormuz attacks leave seafarer dead, one vessel sunk and several damaged

Fresh Hormuz attacks leave seafarer dead, one vessel sunk and several damaged

04 Nov 2026by Riviera News
A seafarer has died and several commercial vessels have reportedly been damaged in a series of incidents in and around the Strait of Hormuz in early November
Investing through uncertainty: why risk management is now the maritime investor’s edge

Investing through uncertainty: why risk management is now the maritime investor’s edge

03 Nov 2026by Riviera News
Uncertainty is no longer a reason to delay investment, with shipping investors increasingly relying on rigorous risk assessment to protect financial positions, write Reed Smith partners Alice Colarossi and Han Deng
Attacks damage Nakilat LNG carrier in Gulf; product tanker loses power

Attacks damage Nakilat LNG carrier in Gulf; product tanker loses power

02 Nov 2026by Georgios Georgiou
An offshore tug has also reportedly been struck, while the UAE brings an oil spill off its coast under control
Explosive devices attached to tanker in one of at least two attacks in Hormuz

Explosive devices attached to tanker in one of at least two attacks in Hormuz

30 Oct 2026by Riviera News
Tankers have been attacked during outbound transits of the Strait of Hormuz, with one struck by a projectile and another disabled by explosive devices
Shipowners navigate ‘swan lake’ of investment uncertainty

Shipowners navigate ‘swan lake’ of investment uncertainty

30 Oct 2026by John Snyder
The Middle East and Ukraine conflicts, sanctions, and shifting trade flows have boosted rates, but shipowners face growing uncertainty over regulation and long-term investment decisions
Reports: at least one vessel sunk in Hormuz as competing claims cloud clarity

Reports: at least one vessel sunk in Hormuz as competing claims cloud clarity

29 Oct 2026by Riviera News
With limited incident reporting and diverging Iranian and US military claims, tracking which vessels have been hit and by what or whom is increasingly difficult
QatarEnergy builds US LNG portfolio with back-to-back deals

QatarEnergy builds US LNG portfolio with back-to-back deals

29 Oct 2026by Georgios Georgiou
Analysts assess what the latest agreements mean for QatarEnergy’s LNG strategy
Iran threatens Sinokor with 'legal action' over Strait of Hormuz 'crossing violations'

Iran threatens Sinokor with 'legal action' over Strait of Hormuz 'crossing violations'

27 Oct 2026by Georgios Georgiou
Tehran’s Persian Gulf Strait Authority says it has already taken enforcement action against seven of Sinokor’s VLCCs
Oil spill reported off UAE as Gulf vessel attacks hit monthly record

Oil spill reported off UAE as Gulf vessel attacks hit monthly record

26 Oct 2026by Georgios Georgiou
An oil spill, another disabled tanker and a monthly record for vessel attacks highlight the ongoing risks across the Gulf
Greek owners cash in on tanker boom with US$5.1Bn in sales amid Middle East turmoil

Greek owners cash in on tanker boom with US$5.1Bn in sales amid Middle East turmoil

26 Oct 2026by Georgios Georgiou
A deep dive into the value, volume and pace of Greek tanker sales between March and October 2026
KOTC tanker on fire and adrift in Strait of Hormuz; US stops tanker off Oman

KOTC tanker on fire and adrift in Strait of Hormuz; US stops tanker off Oman

22 Oct 2026by Jamey Bergman
A Kuwaiti oil tanker was reportedly on fire and drifting after what Pakistan-based Navarea IX called a ’security incident’ in the Strait of Hormuz
Westwood rigs round-up: what's behind dwindling US Gulf drillship numbers

Westwood rigs round-up: what's behind dwindling US Gulf drillship numbers

22 Oct 2026by Teresa Wilkie
The US Gulf rig fleet looks dramatically different from a decade ago, according to Westwood Global Energy Group, RigLogix director, Teresa Wilkie
Middle East conflict could reshape LNG shipping through demand shifts, fleet segmentation and crew shortages

Middle East conflict could reshape LNG shipping through demand shifts, fleet segmentation and crew shortages

20 Oct 2026by Riviera News
ORLEN LNG Trading’s Rafał Gryczan on the impact of the Middle East conflict on LNG shipping
Middle East: VLCCs hit in Gulf, tug struck off UAE, LNG carrier takes fire in Gulf of Aden

Middle East: VLCCs hit in Gulf, tug struck off UAE, LNG carrier takes fire in Gulf of Aden

19 Oct 2026by Jamey Bergman
Attacks on commercial vessels have continued throughout the Middle East, with UKMTO saying it is “struggling to accurately report [the] true number"
Hormuz: two ships sink off Oman as attacks target UAE-linked vessels

Hormuz: two ships sink off Oman as attacks target UAE-linked vessels

14 Oct 2026by Riviera News
Strait of Hormuz attacks continue to mount, with three box ships and a tanker linked to the United Arab Emirates targeted in strikes on vessels on 13-14 October
Strait of Hormuz tanker attacks surge: two missing after attack off Oman; US 'disables' vessel

Strait of Hormuz tanker attacks surge: two missing after attack off Oman; US 'disables' vessel

13 Oct 2026by Riviera News
Strait of Hormuz attacks are still being tallied after weekend strikes left two seafarers missing off Oman and US forces reported they disabled a vessel in the Gulf of Oman
VLCC hit off UAE, casualties in tanker attack off Qatar; fire on vessel near Fujairah

VLCC hit off UAE, casualties in tanker attack off Qatar; fire on vessel near Fujairah

09 Oct 2026by Riviera News
VLCC attacked off UAE added to tanker attack in Middle East Gulf with casualties and unconfirmed vessel fire in Gulf of Oman reported as attacks again spread beyond Strait of Hormuz
12 injured in Hormuz attack; Angelicoussis LNG carrier among several vessels hit

12 injured in Hormuz attack; Angelicoussis LNG carrier among several vessels hit

07 Oct 2026by Riviera News
Maran Gas LNG carrier hit as suspected Iranian military attacks on merchant ships mount
A ‘slick’ drop-in solution to address skyrocketing fuel bills

A ‘slick’ drop-in solution to address skyrocketing fuel bills

05 Oct 2026by John Snyder
TotalEnergies Lubmarine has launched a new trunk-piston engine lubricant, Aurelia FE, for four-stroke medium-speed marine engines, claiming 1.5% in fuel savings
Dynacom newbuild Aframax tanker among multiple vessels hit in Strait of Hormuz

Dynacom newbuild Aframax tanker among multiple vessels hit in Strait of Hormuz

05 Oct 2026by Jamey Bergman
Maritime security firm names vessel as 115,057-dwt tanker Lipsi
Kuwait-flagged VLCC, Panama-flagged tanker reported hit in Strait of Hormuz, with fires on board

Kuwait-flagged VLCC, Panama-flagged tanker reported hit in Strait of Hormuz, with fires on board

02 Oct 2026by Jamey Bergman
Maritime security firms name VLCC as Kuwait Oil Tanker Company (KOTC) owned, managed and operated Kazimah III; strike on Panama-flagged tanker unconfirmed
FLNGs offer new routes to gas, with nearly 50% of 2030 LNG capacity in US and Qatar

FLNGs offer new routes to gas, with nearly 50% of 2030 LNG capacity in US and Qatar

02 Oct 2026by Riviera News
Seven floating LNG projects sanctioned since 2023 are adding 18M tonnes per annum of capacity, with the technology giving hard-to-reach gas resources a route to global markets
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KOTC tanker on fire and adrift in Strait of Hormuz; US stops tanker off Oman

KOTC tanker on fire and adrift in Strait of Hormuz; US stops tanker off Oman

22 Oct 2026by Jamey Bergman
A Kuwaiti oil tanker was reportedly on fire and drifting after what Pakistan-based Navarea IX called a ’security incident’ in the Strait of Hormuz
Westwood rigs round-up: what's behind dwindling US Gulf drillship numbers

Westwood rigs round-up: what's behind dwindling US Gulf drillship numbers

22 Oct 2026by Teresa Wilkie
The US Gulf rig fleet looks dramatically different from a decade ago, according to Westwood Global Energy Group, RigLogix director, Teresa Wilkie
Middle East conflict could reshape LNG shipping through demand shifts, fleet segmentation and crew shortages

Middle East conflict could reshape LNG shipping through demand shifts, fleet segmentation and crew shortages

20 Oct 2026by Riviera News
ORLEN LNG Trading’s Rafał Gryczan on the impact of the Middle East conflict on LNG shipping
Middle East: VLCCs hit in Gulf, tug struck off UAE, LNG carrier takes fire in Gulf of Aden

Middle East: VLCCs hit in Gulf, tug struck off UAE, LNG carrier takes fire in Gulf of Aden

19 Oct 2026by Jamey Bergman
Attacks on commercial vessels have continued throughout the Middle East, with UKMTO saying it is “struggling to accurately report [the] true number"
Hormuz: two ships sink off Oman as attacks target UAE-linked vessels

Hormuz: two ships sink off Oman as attacks target UAE-linked vessels

14 Oct 2026by Riviera News
Strait of Hormuz attacks continue to mount, with three box ships and a tanker linked to the United Arab Emirates targeted in strikes on vessels on 13-14 October
Strait of Hormuz tanker attacks surge: two missing after attack off Oman; US 'disables' vessel

Strait of Hormuz tanker attacks surge: two missing after attack off Oman; US 'disables' vessel

13 Oct 2026by Riviera News
Strait of Hormuz attacks are still being tallied after weekend strikes left two seafarers missing off Oman and US forces reported they disabled a vessel in the Gulf of Oman
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